Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
yefi
on 14/02/2015, 04:51:06 UTC
First, mining is decentralized! https://blockchain.info/pools just because it is not a commie "equal share to all proletariate" the hashing power is in fact distributed (every pool mine has thousands of individual, group, corporate etc miners!), changing hands over time, can be freely entered or left (!).

Mining is physically centralized and that is a problem which will only get worse as mining concentrates in the areas with the cheapest electricity or best thermodynamic advantage.

Quote
evolution...

Bitcoin is more like a Game of Life than evolution specifically.